#akashselectssolanaasmigrationtarget
Akash Network (AKT) is saying goodbye to its independent Cosmos chain and officially moving to the Solana network! 🌌 ➡️ ☀️
Here are the details of this historic migration, which was approved by an overwhelming 98% majority in the community vote (Prop 346):
⚙️ Why Was Solana Chosen?
Cost Savings: To escape the high financial burden of operating its own chain (validators, security, etc.). 💰 ❌DePIN Power: Solana is home to some of the world's largest Decentralized Physical Infrastructure Networks (DePIN), such as Helium, Render, and io.net. Akash will become part of this massive ecosystem. 🏗️ 🌐Speed and Compatibility: Solana's high transaction capacity offers the most suitable and affordable infrastructure for Akash's high-demand AI and GPU marketplace model. ⚡ 🧠
📅 How Will the Migration Timeline and Process Work?
Phase 1 (November 9, 2026) – Token Migration: Existing AKT tokens will begin converting to the Solana-based SPL token standard at a 1:1 ratio. A portal will remain open for 2 years to migrate your tokens. 🪙 🔄Phase 2 – Marketplace Migration: The cloud computing and GPU marketplace will remain on Cosmos for now. Once technical testing is complete, a separate vote will be held on moving the marketplace to Solana. 🖥️ ⏳Phase 3 – Decommissioning the Old Chain: After everything has fully migrated to Solana, the old Cosmos chain will remain open for another 90 days before being shut down completely. 🔒 🛑
$SKHYNIX $INTCB $SOL
Akash Network (AKT) is saying goodbye to its independent Cosmos chain and officially moving to the Solana network! 🌌 ➡️ ☀️
Here are the details of this historic migration, which was approved by an overwhelming 98% majority in the community vote (Prop 346):
⚙️ Why Was Solana Chosen?
Cost Savings: To escape the high financial burden of operating its own chain (validators, security, etc.). 💰 ❌DePIN Power: Solana is home to some of the world's largest Decentralized Physical Infrastructure Networks (DePIN), such as Helium, Render, and io.net. Akash will become part of this massive ecosystem. 🏗️ 🌐Speed and Compatibility: Solana's high transaction capacity offers the most suitable and affordable infrastructure for Akash's high-demand AI and GPU marketplace model. ⚡ 🧠
📅 How Will the Migration Timeline and Process Work?
Phase 1 (November 9, 2026) – Token Migration: Existing AKT tokens will begin converting to the Solana-based SPL token standard at a 1:1 ratio. A portal will remain open for 2 years to migrate your tokens. 🪙 🔄Phase 2 – Marketplace Migration: The cloud computing and GPU marketplace will remain on Cosmos for now. Once technical testing is complete, a separate vote will be held on moving the marketplace to Solana. 🖥️ ⏳Phase 3 – Decommissioning the Old Chain: After everything has fully migrated to Solana, the old Cosmos chain will remain open for another 90 days before being shut down completely. 🔒 🛑
$SKHYNIX $INTCB $SOL
